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THE CREDIT CRUNCH AND SHIPBUILDING
World shipyards have a record order backlog. What effect will the global credit crunch have?

No effect
A slow down in new orders
Cancellation of some existing orders
Cancellation of many exisiting orders

Marine Log

April 11, 2008

Le Ponant hostages released

French President Nicolas Sarkozy today released a statement announcing the liberation of the crew members of the cruise ship Le Ponant, held hostage for a week by pirates off Somalia.

President Sarkozy thanked the French armed forces and government services that had permitted a rapid resolution of the hostage taking incident.

More details at France 24

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